Boot Barn Holdings Inc (BOOT)
Return on total capital
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 241,614 | 215,648 | 191,572 | 189,172 | 184,823 | 183,777 | 180,838 | 165,842 | 171,525 | 172,569 | 192,245 | 218,841 | 220,436 | 229,041 | 178,584 | 138,576 | 86,691 | 63,360 | 56,596 | 59,413 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,131,060 | 1,090,570 | 1,016,660 | 981,822 | 943,643 | 910,945 | 852,386 | 813,696 | 776,450 | 729,210 | 673,937 | 639,534 | 599,676 | 553,279 | 481,257 | 439,877 | 394,891 | 362,608 | 330,034 | 322,546 |
| Return on total capital | 21.36% | 19.77% | 18.84% | 19.27% | 19.59% | 20.17% | 21.22% | 20.38% | 22.09% | 23.67% | 28.53% | 34.22% | 36.76% | 41.40% | 37.11% | 31.50% | 21.95% | 17.47% | 17.15% | 18.42% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $241,614K ÷ ($—K + $1,131,060K)
= 21.36%
Boot Barn Holdings Inc has shown a fluctuating trend in its return on total capital over the past few years. The metric stood at 18.42% as of June 30, 2020, and gradually declined to 17.15% by September 30, 2020. However, there was a slight uptick to 17.47% by the end of December 31, 2020.
The company then experienced a significant improvement in its return on total capital, with a notable increase to 21.95% as of March 31, 2021, followed by substantial increases in subsequent quarters. By September 30, 2021, the return on total capital reached 37.11%, peaking at 41.40% by December 31, 2021.
However, going into the following years, Boot Barn Holdings Inc saw a decline in its return on total capital, falling to 20.17% by December 31, 2023. The metric continued to decrease slightly to 18.84% by September 30, 2024, before experiencing a slight recovery to 21.36% by March 31, 2025.
Overall, the company’s return on total capital has displayed variations over the period under review, showcasing both growth and declines in profitability efficiency. Investors and stakeholders may want to closely monitor this metric to assess the company's capital utilization and profitability performance.
Peer comparison
Mar 31, 2025